Tag: Capital Economics

Retail Sales Data: “Snowdown,” Not Slowdown by Brad McMillan The question about the economy lately has been whether or not we’re looking at a sustained slowdown. A decline in expected corporate earnings has often heralded recessions, and with disappointing retail […]

The post How The TARGET2 System Works appeared first on Floating Path. Per the European Central Bank: TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system. The 2 indicates that this is the second generation of the […]